Motorola files another small profit in fourth quarter
Moto appears to be continuing its long, arduous road toward recovery on news of its financial results for the fourth quarter of '09 -- or, at the very least, it's not losing any ground. Overall, the company posted a meager profit of $142 million for the quarter on revenue of $5.723 billion, $14 million better than a quarter prior and a staggering $3.799 billion better than the same quarter a year ago. Breaking it down by division, Mobile Devices is still in the red, but not by terribly much -- it did $1.8 billion in sales with an operating loss of $132 million, while Home and Networks Mobility (the guys responsible for wireless infrastructure and set-top boxes) made $91 million on sales of $2 billion.
Categories: Mobile Phone, Other Tags: devices, earnings, earningsreport, engadget, entry, extent, mobile-devices, motorola, operating-loss, quarter, recovery, report, tops